Transcript

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>> He's not going home anytime soon. Former drug company executive Martin Shkreli aka Pharma bro got seven years in prison for defrauding investors of two hedge funds he ran. The once brash and outrageous Shkreli who smirked at lawmakers questioning him and lambasted them on Twitter, on Friday seemed a different man in court.

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He now says he has now learned from his mistakes. Reuters correspondent, Brendan Pearson, was at the Brooklyn Court.>> He was very emotional. He was sort of tearing up, and he said that he was sorry for what he'd done. That he regretted misleading his investors. He sort of, I think, was trying to move away from statements he'd said in the past that he was being unfairly prosecuted.

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And instead say that he brought this all on himself.>> Prosecutors ask for a 15-year sentence while Shkreli lawyer was seeking 12 to 18 months.>> I'm disappointed. I thought the sentence should have been less than 7 years, but Martin's fine and he will be fine, and obviously it could have been a lot worse.

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>> Shkreli became famous for raising the price of anti infection drug, Daraprim, by 5,000% in 2015 while he was chief executive of Turing Pharmaceuticals, gaining him the nickname Pharmo bro. While the criminal case isn't related to the drug price hike, Shkreli was vilified on social media, called out by Hillary Clinton, and faced a Congressional hearing over it.

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And he's been called by some as the most hated man in America. 34 year old Shkreli has been jail since September when he posted a Facebook message offering a $5,000 reward for a strand of Hillary Clinton's hair. That prompted an investigation from the US Secret Service. And the Brooklyn judge on the case revoked his bail, saying Shkreli posed a danger to the public.